Abbrea Capital LLC Purchases 35 Shares of Lockheed Martin Co. (NYSE:LMT)

Abbrea Capital LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,432 shares of the aerospace company’s stock after buying an additional 35 shares during the period. Abbrea Capital LLC’s holdings in Lockheed Martin were worth $649,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Triumph Capital Management increased its position in shares of Lockheed Martin by 3.1% during the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after buying an additional 22 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Lockheed Martin by 1.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after purchasing an additional 23 shares in the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of Lockheed Martin by 1.2% during the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after purchasing an additional 24 shares in the last quarter. Compagnie Lombard Odier SCmA grew its holdings in shares of Lockheed Martin by 0.7% during the third quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock worth $1,380,000 after purchasing an additional 25 shares in the last quarter. Finally, Norris Perne & French LLP MI grew its holdings in shares of Lockheed Martin by 2.8% during the fourth quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock worth $410,000 after purchasing an additional 25 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on LMT. Citigroup boosted their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company lifted their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday. The Goldman Sachs Group reduced their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday. Susquehanna dropped their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $485.40.

Lockheed Martin Price Performance

LMT stock traded up $5.64 during trading on Thursday, reaching $464.78. 926,791 shares of the company were exchanged, compared to its average volume of 1,171,861. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. The company has a market cap of $111.77 billion, a P/E ratio of 16.92, a PEG ratio of 4.21 and a beta of 0.48. The stock’s 50 day moving average price is $442.16 and its 200 day moving average price is $444.14.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. The firm had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the business posted $6.43 EPS. As a group, analysts predict that Lockheed Martin Co. will post 26.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. In the last three months, insiders sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.17% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.